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Brick Apartment Building
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3016 S Moreland Blvd, Cleveland, OH 44120

Lead-certified apartment property with updated building systems and open-plan one-bedroom residences.

Property SizeContact for details
Days on Market669

Property Features for 3016 S Moreland Blvd

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 28 x 1BR/1BA
Multifamily Units 28

Building Details

Year Built 1938
Buildings 1
Stories 3
Construction brick
Listing Agency: Berkshire Hathaway HomeServices Professional Realty Mason
Listed By: David Mussari · License #BRKP.2007001761
Source: Crexi
Added: Nov 8, 2024 Changed: Sep 4 Last Checked: Sep 8 at 7:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Professional Realty Mason

Investment Insights

Based on property information with market context.

Built in 1938, this 28-unit apartment building features solid brick construction and a mix consisting of one-bedroom, one-bath residences. The units have open floor plans, while recent property work includes a newer boiler installed within the last 2 years and fresh interior painting. The building is currently fully occupied and has an on-site manager who may be willing to continue after a transfer of ownership.

The property is located at 3016 S Moreland Blvd in Cleveland, Ohio, within the Historic Shaker Square area. Lead certification is in place, adding a documented compliance feature to the building’s profile.

Key Highlights

  • 28‑unit apartment building with solid brick construction
  • All 28 units are one‑bedroom, one‑bath residences
  • Open floor plans throughout the apartment units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Building Supply Electrical Service HVAC Service Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

645
Businesses Nearby

Demographics for 44120, OH

34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Lead-certified apartment property with updated building systems and open-plan one-bedroom residences.
Where is this apartment building located?
The property is located at 3016 S Moreland Blvd Cleveland, OH.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 28‑unit apartment building with solid brick construction; All 28 units are one‑bedroom, one‑bath residences; Open floor plans throughout the apartment units
More about this property
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